Govt and ADB sign $4.5 mn loan to improve urban mobility in Aizawl
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Govt and ADB sign $4.5 mn loan to improve urban mobility in Aizawl

The Indian government has signed a $4.5 million project readiness financing (PRF) loan to support preparation and design activities to improve urban mobility in Aizawl, Mizoram, with Asian Development Bank (ADB).

As per the statement made by the Ministry of Finance, urban mobility in Mizoram is severely constrained due to rapid and unplanned urbanization. It results in traffic congestion on narrow roads and affects road safety, the efficiency of the movement of the people and goods and environmental sustainability.

For ensuring that the project is being developed through PRF, seeking to resolve the city's transportation issues by adopting sustainable urban mobility solutions.

The PRF will conduct feasibility in the comprehensive mobility plan (CMP) and prepare a detailed project report (DPR) and design for the project.

It will help to develop the institutional capacity of the state's Urban Development and Poverty Alleviation Department in pre-implementation and project preparation activities.

Secretary of the Ministry of Finance, Rajat Kumar Mishra, said that the PRF supports the development of long-term urban mobility solutions in Aizawl by identifying high-priority urban transport investments for enhancing the project and other activities.

Director of ADB India Resident Mission, Takeo Konishi, the PRF will develop a CMP for Aizawl that outlines the urban mobility development strategy and build synergies with the urban development planning initiative within the state, promoting climate change, disaster resilience and gender inclusiveness in its interventions.

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Also read: Lithium Urban Technologies buys SmartCommute for mobility offerings

The Indian government has signed a $4.5 million project readiness financing (PRF) loan to support preparation and design activities to improve urban mobility in Aizawl, Mizoram, with Asian Development Bank (ADB). As per the statement made by the Ministry of Finance, urban mobility in Mizoram is severely constrained due to rapid and unplanned urbanization. It results in traffic congestion on narrow roads and affects road safety, the efficiency of the movement of the people and goods and environmental sustainability. For ensuring that the project is being developed through PRF, seeking to resolve the city's transportation issues by adopting sustainable urban mobility solutions. The PRF will conduct feasibility in the comprehensive mobility plan (CMP) and prepare a detailed project report (DPR) and design for the project. It will help to develop the institutional capacity of the state's Urban Development and Poverty Alleviation Department in pre-implementation and project preparation activities. Secretary of the Ministry of Finance, Rajat Kumar Mishra, said that the PRF supports the development of long-term urban mobility solutions in Aizawl by identifying high-priority urban transport investments for enhancing the project and other activities. Director of ADB India Resident Mission, Takeo Konishi, the PRF will develop a CMP for Aizawl that outlines the urban mobility development strategy and build synergies with the urban development planning initiative within the state, promoting climate change, disaster resilience and gender inclusiveness in its interventions. Image SourceAlso read: Lithium Urban Technologies buys SmartCommute for mobility offerings

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